SIB UPI App, Download South Indian Bank Android UPI App M-Pay

SIB UPI App, Download South Indian Bank Android UPI App M-Pay From Play Store – Direct Link. Download South Indian Bank UPI App. Free Download SIB UPI App Apk from Play Store. Download South Indian Bank unified payment interface app. Check Complete details for How to Use South Indian Bank UPI App.Unified Payment Interface app from SIB of India : Add any Bank account…the NPCI (National Payments Corporation of India) launched the much awaited Unified Payments Interface (UPI). RBI Launches UPI App, Now you can easily Transfer payments to other persons by using below South Indian Bank UPI App. there are many queries related to South Indian Bank UPI Android App like – How to download South Indian Bank UPI App, what is the UPI, and what does it mean to you?, How UPI Payment System Work, Here’s a quick guide to everything you need to know about the UPI.

This is the official mobile banking application from South Indian Bank with Unified Payment Interface (UPI) now available for all Bank Customers.

Welcome to the world of mobile convenience! SIB M-Pay is South Indian Bank’s mobile banking product, which offers you a complete range of financial transactions. You can send/receive funds 24X7 to any bank, top up your Prepaid mobile, Recharge your DTH services, Merchant Payments etc with SIB M-Pay. No additional charges for these services. The instant inter-bank fund transfer service is facilitated through the Immediate Payment Service (IMPS) of NPCI (National Payments Corporation of India)

SIB UPI App, Download South Indian Bank UPI App

By Using South Indian Bank App you can Make payments easier using Virtual Payment Address(VPA) Pay & collect Payments Very Easily. On 5th September 2016 South Indian Bank Launched his UPI Apk, Many other banks already launched UPI App and SIB launched his UPI App on 5th September 2016

After Creating your Profile you will require to set your unique Virtual ID and Generate MPIN by using your Debit Card

Now your South Indian Bank UPI App is ready to pay, collect and Check your bank balance

How South Indian Bank UPI App is Working

To send money to someone, you need to know only their UPI ID – a virtual identity like an email address. This could be your name, or your phone number, so for example, if your phone number is 1234567890, then your virtual address could be 1234567890@sib (if your bank is South Indian Bank) or 1234567890@sbi (if you’re an State bank of India customer), and so on.

By Using UPI app not need of knowing the recipient’s name, their bank account number, and IFSC code (or bank branch).

UPI is built on top of the IMPS, which you may have used to transfer money between bank account. Like IMPS, UPI is immediate, and works 24×7, through the year, unlike NEFT or RTGS or iMPS services, which have specific working hours.

The UPI can also be used for shopping online – instead of entering your debit card number, expiry date, and CVV code, followed by waiting for the OTP, you’d just enter your UPI ID, and get an alert on your phone to verify the transaction.

Facilities Available under SIB M-Pay

Unified Payment Interface (UPI)

Send Money

Collect Money

Set MPIN

Instant inter/ intra bank fund transfer

Mobile recharge

DTH recharge.

IMPS Merchant Payment.

Passbook

Generate MMID/ Retrieve MMID

The salient features of SIB M-Pay are as follows:

Unified Payment Interface (UPI)

Available for all Bank Customer

Virtual address for your Bank account

Instant interbank fund transfers

Available 24 x 7 throughout the year, even on holidays.

What are the requirements for using UPI?

You should have following:

An android phone with internet service

An operative bank account in any Bank

The mobile number being registered with UPI, must be linked to the bank account.